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What do you do when your shares more than double?
plarka
Posts: 73 Forumite
Buy more? Take some out and put them somewhere else? Leave them and stop thinking about it?
HSBC All Share Index Tracker Fund. I put some money in 3 months ago and it has more than doubled.
HSBC All Share Index Tracker Fund. I put some money in 3 months ago and it has more than doubled.
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Comments
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Are you sure you've done your sums right?“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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Well I put in £670 and now it's at £1500 something. Hmmmm, maybe I put in more and forgot and am only counting that first amount? I really don't think so, I think I only put that first amount in.0
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Performance chart:
http://www.bloomberg.com/quote/HSBUKFI:LN
At best it has gained 7.4% since late July, it's most recent trough.British Ex-pat in British Columbia!0 -
Well I put in £670 and now it's at £1500 something. Hmmmm, maybe I put in more and forgot and am only counting that first amount? I really don't think so, I think I only put that first amount in.
According to Trustnet it has made 5.15% in the last 3 months. That's a very good return. Hang on in there.
But do try and keep accurate records especially if these are outside an ISA. You may have to do a tax declaration.
:beer:I believe past performance is a good guide to future performance :beer:0 -
I'm so confused. I'm looking in my bank account where I transfer the money from, and into the shares, and can only see the one amount. I don't remember doing it again, and don't see it there either.
It's an ISA.
Confused! And feel a bit dumb!0 -
Ahem, well, it turns out I did put in more money! But still, what do you do when it goes up? Always leave it there still?0
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You ask yourself "If I didn't already own these shares would I buy them now?" If your answer is "yes", keep 'em. If "no", sell 'em. If "maybes", sell half.Free the dunston one next time too.0
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When I have a share that doubles, I sell half and keep half invested. I use the money for another investment usually but sometimes I transfer it out for something special/needed but rarely. A profit isn't really a profit until it is crystallized.
A few times after I have done this a share has doubled again, so I sell half again. When one has done this well I tend to keep what's left and hold for decades ;-)0 -
other than for tax purposes (or portfolio rebalancing), what its done is irrelevant - its what you expect it to do in the future that matters0
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